Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Receives Average Recommendation of “Moderate Buy” from Analysts

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) has received a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $28.28.

NCLH has been the subject of several recent analyst reports. Tigress Financial reiterated a “strong-buy” rating and issued a $36.00 target price on shares of Norwegian Cruise Line in a research note on Tuesday, March 11th. BNP Paribas assumed coverage on shares of Norwegian Cruise Line in a research report on Thursday, March 27th. They issued a “neutral” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. raised shares of Norwegian Cruise Line from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a research report on Monday, March 17th. Bank of America reduced their target price on Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Finally, The Goldman Sachs Group set a $34.00 price target on Norwegian Cruise Line in a report on Thursday, January 23rd.

Norwegian Cruise Line Trading Down 3.9 %

Shares of Norwegian Cruise Line stock opened at $15.67 on Friday. The company has a market capitalization of $6.89 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.24 and a beta of 2.27. The stock has a fifty day simple moving average of $23.01 and a 200 day simple moving average of $24.28. Norwegian Cruise Line has a 12-month low of $14.50 and a 12-month high of $29.29. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 10.35.

Hedge Funds Weigh In On Norwegian Cruise Line

A number of large investors have recently made changes to their positions in NCLH. Apollon Wealth Management LLC bought a new position in shares of Norwegian Cruise Line in the fourth quarter valued at approximately $272,000. Cookson Peirce & Co. Inc. purchased a new stake in Norwegian Cruise Line in the 4th quarter worth approximately $654,000. Zacks Investment Management bought a new position in Norwegian Cruise Line in the 3rd quarter valued at $3,821,000. Hodges Capital Management Inc. grew its position in shares of Norwegian Cruise Line by 1.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 1,544,515 shares of the company’s stock valued at $31,678,000 after purchasing an additional 23,075 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in shares of Norwegian Cruise Line by 365.5% during the 4th quarter. Jupiter Asset Management Ltd. now owns 2,168,658 shares of the company’s stock valued at $55,800,000 after purchasing an additional 1,702,748 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.